8-Unit Apartment
524 Williamson Avenue, Fullerton, CA 92832
For Sale
$2,995,000
Renovated residences include updated interiors, new windows and sliding doors, and refreshed landscaping.
Property Size6,521 SF
Days on Market33
Property Features for 524 Williamson Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Morgan Skenderian
Listed By:
Rick Applebaum · License #01273871
(949) 251-8800
Source:
Velocityrealtysd
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 9 at 2:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morgan Skenderian
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Investment Insights
Based on property information with market context.
Built in 1961, this eight-unit apartment property has renovated interiors across the units, along with new windows and sliding doors. Exterior work also includes new paint and refreshed landscaping. Seven apartments have two-bedroom layouts.
The property is at 524 Williamson Avenue in Fullerton, near Downtown Fullerton, California State Fullerton, and Fullerton College. Metrolink and Amtrak service, as well as access to the 91 and 57 freeways, are also nearby.
The property is at 524 Williamson Avenue in Fullerton, near Downtown Fullerton, California State Fullerton, and Fullerton College. Metrolink and Amtrak service, as well as access to the 91 and 57 freeways, are also nearby.
Key Highlights
- Eight apartments, including 7 with two‑bedroom floor plans
- Renovated interiors throughout the units
- New windows and sliding doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,920
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,400
$2.2M
Cap Rate 7%
$1,556,000
$1.6M
Cap Rate 9%
$1,210,222
$1.2M
Market Conditions
NOI Build-Up for 6,521 SF
Gross rent
$207.4K $31.80/SF
− Vacancy
−$9.3K −$1.43/SF
EGI
$198.0K $30.37/SF
− OpEx
−$89.1K −$13.67/SF
NOI
$108.9K $16.70/SF
Area
Fullerton, CA
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,400
Cap Rate 7%
$1,556,000
Cap Rate 9%
$1,210,222
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,920 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,783 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 92832, CA
26,277
Population
9,170
Households
2.9
Avg Household Size
35
Median Age
32%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
9,061
Density / Sq Mi
$92,588
Median Household Income
$42,634
Median Earnings
$2,027
Median Rent
$773,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences include updated interiors, new windows and sliding doors, and refreshed landscaping.
Where is this apartment building located?
The property is located at 524 Williamson Avenue Fullerton, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Eight apartments, including 7 with two‑bedroom floor plans; Renovated interiors throughout the units; New windows and sliding doors
